Management Thoughts for Entrepreneurs

Entrepreneurs are risk takers. They take business risks and make investments in technology, assets and ideas. More often than not such investment risks pay off.

I suggest that Entrepreneurs take similar investment risks in their people. Identify the key potential people in your organization and invest in them. Urge them to improve their skills, train them in functional areas, and take a risk by giving them projects and assignments that challenge them.

Investing in your people, just like other assets, will pay off in the long term and allow you to “Do the Right Things.”